Section 8 renter approval criteria
I have to existing rentals that are luxury condos and have a system to get renters approved. I now have a low income 4plex that I would like to rent to section 8. Do the same approval policies and procedures apply to section 8 renters?
- I think I am going to get renters that have a problem with English, so should I expect them to be able to fill out a English application.
- Should I expect them to pay with a check or be willing to accept cash each month?
- I use an online credit/eviction/criminal background check service, should I expect them to be able to fill out and pay via the online service?
I use the following criteria:
- Applicants minimum requirements Policy:
- Applicant’s gross monthly income must equal approximately three times or more the monthly rent.
- Applicants must be employed and be able to furnish acceptable proof of the required income.
- Applicants must have a credit score at or above 600.
- Applicants must have good references concerning rental payment, housekeeping, and property maintenance from all previous Landlords.
- Applicants do not have a history containing evictions.
- Applicants do not have a history with felony convictions.